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Stock Market & Financial Investment News

News Breaks
January 22, 2013
07:07 EDTFCH, WYNFelcor Lodging converting eight hotels to Wyndham properties
FelCor Lodging Trust Incorporated (FCH) will re-brand, renovate and reposition eight Holiday Inn properties to the Wyndham Hotels and Resorts brand effective March 1, 2013. Wyndham Hotel Group (WYN) will manage the hotels under long-term management agreements with a performance guaranty. This agreement includes a $100M guaranty from Wyndham Worldwide Corporation over the 10-year term of the agreement, with an annual guaranty of up to $21.5M that ensures a minimum annual NOI for the eight hotels.
News For FCH;WYN From The Last 14 Days
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April 8, 2014
08:19 EDTWYNFTC data-breach suit against Wyndham allowed to proceed, WSJ says
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April 6, 2014
18:21 EDTWYNTPG led group agrees to invest in apartment-rental site Airbnb, WSJ says
A group led by private-equity firm TPG reached an agreement to invest in apartment-rental site Airbnb that values the starup at about $10B, says the Wall Street Journal. Airbnb lets homeowners rent space to travelers and may offer competition to large hotel chains like Wyndham Worldwide (WYN) and Hyatt Hotels (H), added the Wall Street Journal. Reference Link

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